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Vivo Collaboration Solutions Ltd IPO Details, Date, Share Price Range, Issue Size

Vivo Collaboration Solutions Ltd IPO Details, Date, Share Price Range, Issue Size

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Vivo Collaboration Solutions Ltd IPO Details:

Vivo Collaboration Solutions Ltd. has announced public offering of 536000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 72.00 per share. The gross proceeds of the issue are expected to be Rs 439.52 lakhs.

The company's initial public offer (IPO) will open on 20 December 2021 and is expected to close on 23 December 2021, subject to customary closing conditions.

The IPO includes a fresh Issue of 536000 Equity Shares of the Company at an price of Rs 82.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Vivo Collaboration Solutions Ltd. anticipates using the proceeds of the issue for

To meet the working capital requirements of the Company;

General Corporate Purpose;

To meet Issue Expenses

The Company believes that listing will enhance the Company’s corporate image, brand name and create a public market for its Equity Shares in India It will also make future financing easier and affordable in case of expansion or diversification of the business Further, listing attracts interest of institutional investors as well as foreign institutional investors

The main objects clause of the Memorandum enables the Company to undertake the activities for which funds are being raised in the Issue The existing activities of the Company are within the objects clause of the Memorandum The fund requirement and deployment are based on internal management estimates and has not been appraised by any bank or financial institution.

SARTHI CAPITAL ADVISORS PRIVATE LIMITED as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.

If the Vivo Collaboration Solutions Ltd. is something that you’re looking to invest in come 20 December 2021, it would be a good idea to start the demat account opening process right away. Apply online IPO or Contact Libord Broking now to open demat account online within minutes.

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